A snippet of what has been written in the March Financial reviews smart investor(snapshot section)magazine on RMG Ltd.
'It has also been talking to a number of Chinese investors about taking a stake in some of its exploration projects'.
Could not help myself, had to purchase a copy this morning, excellent review indeed.
As of last year 43.66% of the company was held by the top twenty shareholders. If Chinese investors do come on board, it will be interesting to see what percentage will be held by the top ten shareholders then.
Given Holloman Minerals Ltd already holding 12%, my guess is that the top ten would go close to around 40%. Definately tightly held stock if that occurs.
Cheers NK
RMG Price at posting:
0.8¢ Sentiment: None Disclosure: Held
